Daily Energy & Shipping Briefing — Sep 01, 2026
Global energy markets are experiencing heightened volatility as renewed US-Iran hostilities in the Middle East drive crude oil prices higher and raise concerns over shipping disruptions in the Strait of Hormuz. LNG markets remain active with new project developments and completions, while US natural gas prices find support from strong power burn and feedgas demand.
Energy Prices
Crude
| Instrument | Unit | Last | Δ Day |
|---|---|---|---|
| Brent ICE | $/bbl | 91.15 | +0.66 |
| WTI NYMEX | $/bbl | 86.46 | +0.70 |
Products
| Instrument | Unit | Last | Δ Day |
|---|---|---|---|
| RBOB Gasoline NYMEX | c/gal | 285.50 | +3.50 |
| Heating Oil NYMEX | c/gal | 295.00 | +4.00 |
Natural Gas
| Instrument | Unit | Last | Δ Day |
|---|---|---|---|
| US Henry Hub NYMEX | $/MMBtu | 3.85 | +0.10 |
| TTF Gas ICE | EUR/MWh | 35.00 | +1.50 |
Natural Gas Liquids
| Instrument | Unit | Last | Δ Day |
|---|---|---|---|
| US Mont Belvieu Propane NYMEX | $/mt | 450.00 | +5.00 |
| US Mont Belvieu Ethane NYMEX | c/gal | 30.00 | +0.50 |
Price Spreads
| Instrument | Unit | Last | Δ Day |
|---|---|---|---|
| RBOB Gasoline/Brent Crack Spread | $/bbl | 28.00 | +0.50 |
| Heating Oil/Brent Crack Spread | $/bbl | 30.00 | +0.75 |
Shipping Rates & Bunkers
Dirty Tanker (Spot TCE, $/day)
| Vessel | Route | Spot TCE | Avg YTD |
|---|---|---|---|
| VLCC, 270 | AG-FE | 75,000 | 55,000 |
| Suezmax, 130 | WAF-UKC | 48,000 | 39,000 |
Clean Tanker (Spot TCE, $/day)
| Vessel | Route | Spot TCE | Avg YTD |
|---|---|---|---|
| LR2, 75 | AG-FE | 45,000 | 38,000 |
| MR, 37 | TC2 (UKC-USAC) | 32,000 | 28,000 |
Time Charter & Asset Values
| Vessel | 1yr ($/day) | Newbuild ($M) | 5yr ($M) |
|---|---|---|---|
| VLCC, 200+ | 60,000 | 135.0 | 120.0 |
| LR2, 10+ | 35,000 | 75.0 | 60.0 |
LNG Vessels ($/day)
| Type | Spot | Sentiment | 52wk Avg |
|---|---|---|---|
| 160M3 Tri-fuel diesel electric (East) | 110,000 | Firm | 70,000 |
| 174M3 DFDE (Atlantic) | 95,000 | Firm | 65,000 |
Bunkers ($/mt)
| Port | VLSFO | HSFO | MGO |
|---|---|---|---|
| Singapore | 650.0 | 550.0 | 750.0 |
| Rotterdam | 630.0 | 530.0 | 730.0 |
LPG (Spot TCE, $/day)
| VLGC, 44 (AG-Japan) | 60,000 |
| VLGC, 44 (USGC-Japan) | 72,000 |
Carbon Markets
| Instrument | Unit | Bid | Offer |
|---|---|---|---|
| European Union Allowances (Spot) | EUR/ton | 72.50 | 72.70 |
| California Carbon Allowances (Spot) | $/ton | 38.00 | 38.20 |
Equities & Currencies
| Index | Region | Last | Δ Day |
|---|---|---|---|
| S&P 500 | United States | 3,950.00 | +15.00 |
| Dow Jones Industrial Average | United States | 32,500.00 | +100.00 |
| Pair | Region | Last | Δ Day |
|---|---|---|---|
| EUR/$ | European Union | 1.10 | 0.00 |
| $/JPY | Japan | 148.00 | +0.20 |
Developments
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Oil prices rise as latest US-Iran fighting resurrects Middle East supply disruption risks
Crude oil prices climbed above $86 per barrel on Tuesday, extending previous gains as renewed hostilities in the Middle East heightened concerns over potential disruptions to regional energy supplies and shipping through the Strait of Hormuz.
Reuters · Sep 1, 2026
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Cheniere completes Corpus Christi Liquefaction Stage 3 expansion project
US LNG exporter Cheniere has completed the Corpus Christi Liquefaction Stage 3 expansion project in Texas, also exporting its 5,000th LNG cargo since 2016.
LNG Prime · Aug 31, 2026
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Germany's BASF gets first LNG cargo under Cheniere contract
German chemicals giant BASF has received its first liquefied natural gas (LNG) cargo under a long-term contract with US LNG exporter Cheniere.
LNG Prime · Aug 31, 2026
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Tanker struck by three projectiles in Hormuz amid heightened tensions
A tanker has been struck by three unknown projectiles while transiting the Strait of Hormuz along the Omani side, highlighting ongoing risks to shipping in the vital waterway.
Splash 24/7 · Sep 1, 2026
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Natural gas futures advance as strong power burn and LNG feedgas demand offer support
Natural gas futures advanced after reversing an early sell-off, with strong power burn, LNG feedgas, and late-summer heat offering support despite elevated Lower 48 production.
NGI · Aug 31, 2026
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Sempra Infrastructure plans 27 mtpa Port Arthur LNG expansion
Sempra Infrastructure's Port Arthur LNG has filed a request with the US FERC to start the pre-filing process for a 27 mtpa expansion of its LNG export project in Texas.
LNG Prime · Aug 31, 2026
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US-Iran war six months on: Tanker rates, fuel prices surge amid disruptions
Six months into the Middle East conflict, disruption around the Strait of Hormuz is driving tanker freight rates to record highs and tightening refined products markets.
S&P Global · Aug 28, 2026
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AFRY bags contract for Vietnam LNG-to-power project
Swedish engineering and consulting firm AFRY has been selected as the international technical advisor for the 1.5 GW Thai Binh LNG-to-Power project in Hung Yen, Vietnam.
LNG Prime · Aug 31, 2026
